About an hour ago we stated that gold would vault past Jim Sinclair's $1764 and enter the parabolic 3rd phase of its bull market tomorrow if The Bernank announces QE3.
Gold is up a cool $20 in the past hour, now up $50 from the NY close, at a new all-time high of $1770.90 and is rapidly rising.
Gold has now entered its parabolic 3rd phase before the European open!
|SPOT MARKET IS OPEN |
( closes in 16 hrs. 54 mins.)
|Metals||Date||Time (EST)||Bid||Ask||Change from NY Close|